1Sem.·

Better profit growth than Palantir

$CPNG (+0,64 %)
$PLTR (-0,05 %)

Hello my dears,

Today I took a look at coupang's key figures.

I am impressed by the triple-digit earnings growth for the next few years.

As a result, the P/E ratio continues to fall and we are at a PEG below 1

(I have made a comparison with Palantir, which you can see in the attachment)

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I am invested in coupang and am about to buy more. (Therefore, do not consider this post as an investment recommendation, but as a message about my investments).

Coupang, Inc, a company headquartered in Seattle, Washington, operates primarily in South Korea and, together with its subsidiaries, runs an extensive e-commerce business. This is mainly conducted via mobile applications and websites. The company is active in two areas: product trading and the development of new offerings.

Coupang offers a wide range of products and services. These include household goods and decorative items, clothing, beauty products, fresh food, sporting goods, electronics and everyday consumer goods. The company also offers travel and restaurant ordering and delivery services.

Coupang's specialty services include Rocket Fresh, a fresh food delivery service, Coupang Eats, a restaurant ordering and delivery service, and Coupang Play, an online content streaming service. The company also offers advertising products.

In addition to South Korea, Coupang also operates and provides operational and support services in the United States, Japan, Taiwan, Singapore and China. The company was founded in 2010.

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Morgan Stanley names Coupang (CPNG) as its new top pick and raises price target

https://www.insidermonkey.com/blog/morgan-stanley-names-coupang-cpng-its-new-top-pick-lifts-pt-1541953/

Park Dae-jun to drive Coupang's AI expansion as sole CEO

https://www.koreatimes.co.kr/business/companies/20250527/park-dae-jun-to-drive-coupangs-ai-expansion-as-sole-ceo

Strong growth and higher profitability: Coupang launches 1 billion share buyback

https://www.it-times.de/news/starkes-wachstum-und-hoehere-profitabilitaet-coupang-startet-1-mrd-aktienrueckkauf-170493/#google_vignette

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41 Commentaires

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EugeneKrabs@Danicx13

1Sem.

Off to the WLAN. Thank you ☺️

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Homelander@Homelander

1Sem.

The growth from 2025 is a forecast, isn't it? You can never predict the future. And what about 2024? Minus 99%. So 290% next year is probably not so good after all.
But hey, a P/E ratio of 200 and a 1% margin... what could possibly go wrong?

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SemiGrowth@SemiGrowth

1Sem.

@Homelander You have the point that earnings growth is not meaningful. Unfortunately, so is the P/E ratio. One should rather look at sales figures. Margins are expected to widen to 4%, which would push the P/E ratio towards 20, which is not very expensive

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1Sem.

Take a look at their website, it's really bad...

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value_seeker_402@value_seeker_402

1Sem.

has been on my watchlist for some time now. i think i will soon set up a savings plan

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1Sem.

It's been on my watchlist for a long time too, thank you for the detailed article!

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Tenbagger2024@Tenbagger2024

1Sem.

@ngoog
With pleasure my dear,
Makes me very happy

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Chris@Multibagger

1Sem.

Many thanks for the interesting work as always

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Soprano@Soprano

1Sem.

I like the logo, but apart from that I see little reason not to invest in $MELI. And again, I see little reason not to invest directly in $AMZN where I simply get the most quality for my money.

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Tenbagger2024@Tenbagger2024

1Sem.

@Soprano
Perhaps because coupang still has this growth of Amazon ahead of it.
A few years ago, people wrote, why should I invest in Nvidia when I have the better in Intel.
Who buys such expensive CPUs

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Tenbagger2024@Tenbagger2024

1Sem.

@Soprano
My dear friend,
Why are you so often so skeptical?
Have you had bad experiences?

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Soprano@Soprano

1Sem.

@Tenbagger2024 Gosh, I don't mean that in a bad way.

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Tenbagger2024@Tenbagger2024

1Sem.

@Soprano
Me neither. I like exchanging ideas with you.
No risk, no fun

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Soprano@Soprano

1Sem.

@Tenbagger2024 But that's also a reasonable comparison. Coupang versus Mercadolibre. And Mercadolibre simply has more growth and more profitability, and not because they are already bigger. Coupang has 30 billion in revenue and Meli only 20 billion. As a growth machine, I see Meli as being ahead. It has nothing to do with me wanting to talk badly about something.

And the whole e-commerce, delivery and fintech business that they all do is also good. But Amazon is already two steps ahead and the others won't be able to catch up with what they're already doing in the cloud and AI. Meli, for example, uses AWS as a cloud provider and although Amazon is not so strong in South America itself, they are also making money there.

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Tenbagger2024@Tenbagger2024

1Sem.

@Soprano
Maybe launch an e-commerce ETF with
$GRAB
$SE
$UBER
$LYFT
$MELI
$AMZN
$CPNG
$JMIA
etc.
Certainly exciting

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Soprano@Soprano

1Sem.

@Tenbagger2024 It sometimes seems like I'm extremely skeptical because you're invested in the same super exciting topics that interest me, but often pick exactly the stock I would least take :D

It would be interesting to know what criteria you use, e.g.
* Coupang instead of MercadoLibre/Amazon
* PaloAlto instead of Fortinet/Crodwstrike
* Qualcomm instead of Broadcom/ARM

you have chosen. You don't seem to consistently pick the one with the strongest growth or the one that is the most profitable. How do you go about it?

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Tenbagger2024@Tenbagger2024

1Sem.

@Soprano
Good question.
At the time I added coupang to my portfolio, Mercado was too expensive and too hyped. Coupang was just on the verge of profitability and therefore not so easy to assess in terms of multiples.
I saw Softbank's large stake and that e-commerce is a growing market in South Korea.
Perhaps I will look for stocks outside the mainstream from time to time.
Palo Alto lost drastically after the figures, without justification. So it was more buy the dip.
In the case of Arm, I was again disturbed by the high Softbank holding.
Since I was looking for a new smartphone in 2023, I did a little research. And realized that Qualcomm was installed almost everywhere and there was almost no alternative at the time.
But I also think Broadcom is great.

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Tenbagger2024@Tenbagger2024

1Sem.

@Soprano
You also have Loreal and I have Elf Beauty.

You have Novo, I have Corcept.

Aren't you actually invested in crypto?

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Soprano@Soprano

1Sem.

@Tenbagger2024 No, I avoid crypto. There's simply no way to calculate when a coin is cheap or not, you have to invest by feel.

Well, I see Loreal and Elf as a matter of taste, just like Corcept and Novo. I wouldn't compare them at all.

But I do take a closer look at the figures for the others. When it comes to cybersecurity stocks, Fortinet is the cheap option for fearful investors and Crowdstrike is the one with the most growth for risk-takers. Palo is not number one in any area.

I also find it interesting that you bought Coupang because of Softbank and ARM because of Softbank, but not specifically.

Qualcomm is not bad either. It could almost be a Warren Buffet stock as cheap as it is. The only danger is that ARM will cause trouble again or Apple will come up with its own chip at some point. But otherwise a great company.

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Voir toutes les 4 autres réponses

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Lightw8 Investor@lightw8_invest

1Sem.

Very very interesting company. I find it as interesting as $KSPI, whereby Kaspi is a cash flow machine with a 40% net income margin

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SemiGrowth@SemiGrowth

1Sem.

The growth is only so high because of base effects.
If I earn 0.0x ct / share, it's not that difficult to double that next year.
It can also quickly turn negative again. The net margin is just one percent

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Tenbagger2024@Tenbagger2024

1Sem.

@SemiGrowth
Profit in million
2025 569,31
2026 1.275,90
2027 1.800,79

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Tenbagger2024@Tenbagger2024

1Sem.

@SemiGrowth
Free Cashflow in Mio.
2025. 1.273,79
2026. 2.100,33
2027. 2.745,07

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Tenbagger2024@Tenbagger2024

1Sem.

@SemiGrowth
Gross margin 29.18%
EbiT margin
2025. 3,09%
2026. 4,50%
2027. 5,40%
2028. 5,87%

Okay, you could still work on that.
Mercado Libre has an EbiT margin of around 14%

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SemiGrowth@SemiGrowth

1Sem.

@Tenbagger2024 I'm just saying that the percentage growth is not really meaningful here. The figures still look good. It's too low-margin for me personally

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Tenbagger2024@Tenbagger2024

1Sem.

@SemiGrowth
And Softbank is already keeping an eye on it as an investor

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Chris@Multibagger

1Sem.

Do you see the USA share threatened by the tariffs?

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Tenbagger2024@Tenbagger2024

1Sem.

@Multibagger
I don't see customs duties as a problem.
Perhaps more in the competition from Aliexpress in the domestic market

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MrStonkss@MrStonkss

1Sem.

Are there plans to expand into Europe? I simply see the problem that Uber Eats has a very large market position, especially in America and Asia, and Foodpanda in Asia. Do you know what Coupang is doing better or differently to change its market position?

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Tenbagger2024@Tenbagger2024

1Sem.

@MrStonkss
Coupang has the largest market share in South Korea.
And continues to expand.
It has the advantage of being the fastest in terms of delivery.
They have high customer loyalty through a bonus program.
I don't think they will expand into Europe.

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MrStonkss@MrStonkss

1Sem.

@Tenbagger2024 Okay. As far as I know, there is no bonus program at Uber. But this fastest delivery is only relative. Why should Coupang be able to deliver faster than Uber, for example, at the moment when Uber would be faster, Coupang could only score points with the bonus program. In my opinion, China would be an important market, but as I said, Uber is strongly represented there, as are others.

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Tenbagger2024@Tenbagger2024

1Sem.

@MrStonkss
You can't compare coupang with uber.
Coupang is more like Amazon and Mercado Libre

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MrStonkss@MrStonkss

1Sem.

Ah, I see. I didn't know that, but then I have the point with Amazon again. Or is Amazon not so well represented in Asia? And are there any comparable companies besides Mercado and Coupang?

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Tenbagger2024@Tenbagger2024

1Sem.

@MrStonkss
Still exists
$SE
$JMIA

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PikaPika0105@PikaPika0105

1Sem.

I am invested via $9984 😏

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Tenbagger2024@Tenbagger2024

1Sem.

@PikaPika0105
Also a good alternative

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Dirty30@Dirty30

1Sem.

nobody has on the screen and I'm glad about that.

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